The Spanish Association of FinTech and InsurTech (AEFI) will travel to Brussels on the next 18 and 19 November as part of an institutional mission whose aim is to learn first-hand how the institutions of the European Union responsible for defining Community financial regulation work.
About 20 associates, together with the board of directors of the employers’ organization, will take part in this delegation. All of them will follow a work agenda aimed at getting close to the origin of the rules that they must later incorporate into their day-to-day operations, as the entity itself has communicated.
The group will be made up of representatives from verticals especially affected by the new European regulatory framework, including payment services, consumer credit, the insurance sector and digital assets, an area conditioned by the entry into force of the European regulation MiCA.
From the association, they emphasize that this initiative makes it easier for companies to understand more clearly the role of each institution and the different stages of the European legislative process, while at the same time fostering the exchange of experiences among diverse business models on the challenges of regulatory adaptation.
AEFI also highlights that the conclusions obtained during these sessions will help to strengthen monitoring of the regulatory environment, to improve the advice given to its members and to refine its work of representation and dialogue before the Community bodies.
Regarding the program, the agenda will start on Wednesday 18 with a visit to the European Payments Council (EPC) and will continue in the afternoon at the European Parliament and the House of European History. On Thursday 19, the delegation will travel to the Council of the European Union and will close the mission with a meeting at the European Commission.
"We want our associates to get to know European institutions from the inside and understand better how decisions are made that later have implications for their activity. Sharing this experience among companies from different verticals will allow us to broaden that vision and draw lessons to do our work better as an association," concluded the president of the AEFI, Arturo González Mac Dowell.